New chip-enabled cards protect consumers and business owners

ELECTRONIC payments in the United States have become even safer and more secure with the recent adoption of EMV chip-enabled technology. This is a significant advancement in the fight against counterfeit card fraud. In recent months, a growing number of consumers have received new chip-enabled cards in the mail, and it’s important to understand the benefits of this technology and how to use it.

EMV technology authenticates in-person card transactions, helping to mitigate fraud. These cards use computer chips to store card information and work with payment terminals to generate a one-time-use encrypted code every time a consumer makes a purchase. As a result, counterfeiters can’t get the necessary information to create a duplicate card.